CZ: Current pullback still within normal four-year cycle, industry fundamentals significantly stronger than before

Odaily reported that during an exclusive interview on the Galaxy Brains podcast with Galaxy Research Head Alex Thorn, CZ stated that the current crypto market pullback remains within the normal four-year cycle range. The approximately 50% drawdown in this cycle is not unusual, as historical cycles have seen corrections of up to 80%.

CZ believes that when measured from the cycle bottom, Bitcoin's price is still about 5 times higher than four years ago, and the low point of each cycle has been higher than the previous cycle's bottom. He stated that he has always adhered to a long-term perspective, adding, "For me, there is no exit from crypto."

CZ also pointed out that the biggest difference between this cycle and 2018 and 2022 is the significant shift in the U.S. government's attitude toward the crypto industry. Previously, the U.S. took a suppressive stance toward the industry, whereas it is now actively promoting the construction of a crypto regulatory framework, encouraging other countries to follow suit. Additionally, the entry of ETFs, stablecoins, RWAs, and more institutional capital demonstrates that the industry's fundamentals have significantly improved compared to the past.